The absorption rate for the Big Bear real estate market now stands at 7.7 months. With 93 homes sales in November, and approximately 715 homes for sale in the area, the market is starting to come in line with a "normal" market, though it is still leaning in favor of buyers. Why is this important? Knowing the absorption rate will tell you what the real estate conditions are like in a particular price range and area. If you are selling your property, this can help when determining the demand in your area or price … [Read more...]
Absorption Rates For The Big Bear Real Estate Market – January 2009
February 19, 2009 by Leave a Comment
If you are thinking of buying or selling a home in Big Bear, you may want to take a look at the absorption rate of homes that are currently for sale. Knowing the absorption rate is a great way to become more informed on the current real estate market conditions in a particular area. In simplistic terms, it is a mathematical equation that tells you the amount of time it will take for a specified set amount of properties to be absorbed under current real estate market conditions. Generally speaking, the higher … [Read more...]
